R/€ = 19.01 Change: 0.18
R/$ = 16.85 Change: 0.09
Au 1803.52 $/oz Change: 7.09
Pt 835.36 $/oz Change: -5.81


In copper country, they’re using the metal to fight the virus

By: Bloomberg     9th July 2020 As Chile’s giant copper mines battle to keep workers healthy in the Covid-19 pandemic, a laboratory in the country is touting the use of tiny specks of the metal to contain the spread among the general population. Santiago-based Aintech says its products are the first to make use of copper... 

Tongaat, Barloworld appoint third party to check for material adverse change

By: Marleny Arnoldi     8th July 2020 JSE-listed companies Tongaat Hulett and Barloworld have appointed Rothschild and Co South Africa as the independent third party to evaluate whether a material adverse change (MAC) had occurred in the sale and purchase agreement terms between the companies. The sale and purchase agreement... 

South African govt initiates process of developing societal hydrogen roadmap  

By: Martin Creamer     7th July 2020 South Africa’s Department of Science and Innovation (DSI) has initiated a process, with other government and industry stakeholders, to develop a roadmap that will lead South Africa towards a hydrogen society, Mining Weekly can today report. The aim is to create a policy document that will inform... 

IDC agrees to restructure MC Mining loan facility

By: Marleny Arnoldi     6th July 2020 Coal miner MC Mining has concluded a conditional loan restructuring agreement with the Industrial Development Corporation (IDC) of South Africa, which increased the IDC’s project level interest in the Makhado coal project to 6.7%. The company first secured a R240-million loan facility from the... 

Air Products and thyssenkrupp sign green hydrogen agreement

By: Schalk Burger     6th July 2020 NYSE-listed industrial gases multinational Air Products and industrial technology multinational thyssenkrupp on July 5 announced that they had signed an exclusive strategic cooperation agreement to develop world-scale electrolysis plants to generate green hydrogen. The two companies will... 

Rolls-Royce strengthens its back-up power business through Belgian acquisition

By: Rebecca Campbell     6th July 2020 UK-based global industrial technology company Rolls-Royce has strengthened its position in both the back-up power systems sector and in Africa by its acquisition of Belgian company Kinolt, a specialist in dynamic uninterruptible power supply (UPS) systems. Kinolt has installed dynamic UPS systems... 

Industrial property seems to weather Covid-19 weakening best - FNB

By: Marleny Arnoldi     6th July 2020 Brokers continue to perceive the industrial property market as the strongest of the three classes in commercial property – industrial, retail and office. However, there has been weakening demand-supply balances in all three property classes since Covid-19 hit South Africa, says FNB property... 

Weekly Coal Index Report

6th July 2020 Physical coal markets can’t seem to catch a break. Even as paper prices strengthened slightly across the curve, the discount to physical deepened as lack of buyer activity persisted. The Rand is also stubbornly strengthening as a wave of “risk on” sentiment permeates global markets and the energy... 

Santos unveils salty plans for Narrabri

By: Esmarie Iannucci     6th July 2020 Oil and gas major Santos has inked a memorandum of understanding (MoU) with Natural Soda to use salt removed from produced water as part of the Narrabri gas project, in New South Wales. . The two companies have been working together for more than 12 months on a commercially-viable model that... 

Pump manufacturer’s message to Southern Africa

By: Creamer Media Reporter      3rd July 2020 Hundreds-of-millions of people throughout Southern Africa who rely on KSB pumps for their everyday water and sanitation, electricity, agriculture and industrial requirements can remain safe in the knowledge that the pump manufacturer is fully supporting its products through the Covid-19 pandemic.... 

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